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INTERMEDIATE ACCOUNTING II D104 WGU: ACCOUNTING

Western Governers University

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INTERMEDIATE ACCOUNTING II - D104 WGU: ACCOUNTING PRINCIPLES EXAM 2025

  • Exam (elaborations)

    INTERMEDIATE ACCOUNTING II - D104 WGU: ACCOUNTING PRINCIPLES EXAM 2025

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    47
    March 2025
    2024/2025
    A+
  • 1. What is the formula for calculating the debt to asset ratio? total liabilities/total assets total assets/total liabilities total equity/total assets total liabilities/total equity 2. Norton Co. reports the following for the current year: Cash, $300; short- term investments, $500; accounts receivable, $1,000; inventory, $700; total current assets, $2,500; and total current liabilities, $1,000. Which of the following is true regarding the current ratio and the quick ratio? 2.5:...
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